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Jul 17, 2011
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one would be eight to big to fail type attacks. it's your assets are over a threshold level, you pay a separate tax. one can limit interest deductibility. the first thing to realize is that financial institutions are highly specialized and understanding them is extremely difficult. regulatory apparatuses our best. but does not mean we have succeeded in the past, but it also does not mean we should try it tax instruments in a very complex setting with highly responsive taxpayers and a lot of this additional detail. that is why i am very skeptical of the tax estimate to address financial leverage. not because it is not a problem, but because there are better ways to do it. i understand there has been a failure to do it. there is little evidence in my mind that these kinds of taxes or a representation of the vengeance many of us feel. >> financial planners plan all around any kind of financial regulations. they are clever. >> indeed they are. >> they are driven to find a product that will find the greatest return. >> they will do more
one would be eight to big to fail type attacks. it's your assets are over a threshold level, you pay a separate tax. one can limit interest deductibility. the first thing to realize is that financial institutions are highly specialized and understanding them is extremely difficult. regulatory apparatuses our best. but does not mean we have succeeded in the past, but it also does not mean we should try it tax instruments in a very complex setting with highly responsive taxpayers and a lot of...
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Jul 17, 2011
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cds directly on treasuries as opposed to other securities are actually not that big. it would take an action to invoke the credit event. that could be a problem for some institutions. but it would not be the biggest problem. >> but your point is that this could be a self-inflicted wound doing more damage to the deficit down has been done to date? -- to the visit than has been done -- to the deficit men has been done to date? -- your point is that this could be a self-inflicted wound doing more damage to the deficit then has been done to date? >> it is not an option that we should be considering. >> thank you. >> thank you, mr. chairman. i will follow-up on this for just a moment and then i want to move on to some other issues. to make the observation that the market perceives and consequences are starkly different between the u.s. government failing to make an interest payment on a bond or on the other hand, bloating some -- delaying the reimbursement to a vendor or failing to cut the grass at the monument. these are very different events. the month of august has sche
cds directly on treasuries as opposed to other securities are actually not that big. it would take an action to invoke the credit event. that could be a problem for some institutions. but it would not be the biggest problem. >> but your point is that this could be a self-inflicted wound doing more damage to the deficit down has been done to date? -- to the visit than has been done -- to the deficit men has been done to date? -- your point is that this could be a self-inflicted wound doing...
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Jul 3, 2011
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it is a big surprise, but we should have known a couple of months ago. you have gotten pretty good at this covert ps stuff. [laughter] vice president, colleagues, friends, and family, thank you for being here today. i would like to congratulate leon panetta on his recent confirmation. after the 2008 election, he wrote an op-ed suggesting president obama retain me as secretary of defense. when president obama announced for my recommendation as a successor, i returned the favor. this country is fortunate that a statesman of his caliber and experience has agreed to serve again and at such an important time. my parting advice for leon is to give his -- get his office just the way he likes it because he may be here longer than he thinks. i would like to thank the members of congress here today. appreciate the gracious and supportive treatment afforded to me by representatives of both parties. even when there were disagreements over policies and priorities, congress always came through for our men and women in uniform, especially for programs that protect and
it is a big surprise, but we should have known a couple of months ago. you have gotten pretty good at this covert ps stuff. [laughter] vice president, colleagues, friends, and family, thank you for being here today. i would like to congratulate leon panetta on his recent confirmation. after the 2008 election, he wrote an op-ed suggesting president obama retain me as secretary of defense. when president obama announced for my recommendation as a successor, i returned the favor. this country is...
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Jul 16, 2011
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the big jobs would have been a big job creators and they were not included. i think he made a strategic mistake whenever he started talking about job creation and deficit reduction in the same sentence. people got them all jumbled up. here we are talking about deficit reduction with no talk about job creation right now. that was his strategic mistake. he should have extricated themselves. he still should. that will only spiral us down work. -- debt will only spiral us downward. all of the cuts an austerity programs. look at greece. the deeper their austerity goes, the higher their debt goes. this was supposed to be a program to get them out of debt and the recession. it is pushing them in the opposite direction. all of the talk about debt reduction at a time when we have eight jobs crisis and 14 million people out of work -- a stop crisis and 40 million people out of work for the law period ever -- you made history, shonda. he beats to talk to people and let them know that he is going to create jobs. -- he needs to talk to people and let them know he is going
the big jobs would have been a big job creators and they were not included. i think he made a strategic mistake whenever he started talking about job creation and deficit reduction in the same sentence. people got them all jumbled up. here we are talking about deficit reduction with no talk about job creation right now. that was his strategic mistake. he should have extricated themselves. he still should. that will only spiral us down work. -- debt will only spiral us downward. all of the cuts...
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Jul 11, 2011
07/11
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there were some big losses on fortunately, some big lessons learned. perhaps the biggest loss was the program. we encourage the consolidation of the military and civilian weather system. it turned out to be a logistical nightmare with the primary user met with nasa in the dod to agree on a system of grow phenomenally out of the budget just went haywire, and requirements for the system were not controlled in a way that is spending dramatically out of control and eventually the program had to be killed and separated, so there was a big loss. my own personal loss i was involved in this case transformation policy-making at the time and we were passionate about the x33 program single stage oregon and i learned a very important lesson, which is policy never trump's physics. so you can say whatever you want, but if you can't do it, if it will happen, and we wanted to will the single states to orbit in existence and we had a beautiful concept that looked like the future we did this didn't have the technology. and ultimately we didn't have the will either. i th
there were some big losses on fortunately, some big lessons learned. perhaps the biggest loss was the program. we encourage the consolidation of the military and civilian weather system. it turned out to be a logistical nightmare with the primary user met with nasa in the dod to agree on a system of grow phenomenally out of the budget just went haywire, and requirements for the system were not controlled in a way that is spending dramatically out of control and eventually the program had to be...
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Jul 10, 2011
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i am a big supporter of biofuels. one thing that has become clear is that we need to accelerate our basic research in ethanol and other biofuels made from things like wood chips and algae as opposed to just focusing on corn. that is probably the least efficient energy producer of the various other approaches. it is important to examine if we're going after the cutting edge by diesel --biodiesel and ethanol approaches that allow brazil to run about 1/3 of its transportation system on biofuels. they get it from sugar cane. it is a more efficient conversion process than corn- based ethanol. doing more research in finding better ways to do the same concepts, i think that is the right way to go. >> i believe you addressed this next one. we will skip past it. james says he would cut costs by cutting welfare programs. people will not try harder when they are handed everything. >> i think we should acknowledge that some welfare programs in the past were not well-designed. in some cases, they did encourage dependency. i worked
i am a big supporter of biofuels. one thing that has become clear is that we need to accelerate our basic research in ethanol and other biofuels made from things like wood chips and algae as opposed to just focusing on corn. that is probably the least efficient energy producer of the various other approaches. it is important to examine if we're going after the cutting edge by diesel --biodiesel and ethanol approaches that allow brazil to run about 1/3 of its transportation system on biofuels....
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Jul 3, 2011
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they are obsessed with big business. they break stories on big business is being corrupt. then you have the right of center papers that are obsessed with big corporations -- i mean, with big government. there. it is cool parity i am not for the outing -- the suppression of the adding of corrupt republicans. there is a huge difference. i am totally for all of these republican screwballs to get into trouble getting fired or quit saying today that they get caught, not stretching out for three ludicrous unbelievably weeks. thank you very much, congressman weiner. thank you. i loved every second of it, congressman weiner. especially the hack part. i am the hacker. so we are fighting back. we are entering a phase where objective and neutral journalism is now laughable thing of the fast. it does not exist. i met the people that trotter pretzel themselves into being totally neutral. no one is neutral in the entire world. you have used the cudgel of false neutrality as a means to push the american narrative to the left for the last 40 years. to hell with it. i am sorry that i am be
they are obsessed with big business. they break stories on big business is being corrupt. then you have the right of center papers that are obsessed with big corporations -- i mean, with big government. there. it is cool parity i am not for the outing -- the suppression of the adding of corrupt republicans. there is a huge difference. i am totally for all of these republican screwballs to get into trouble getting fired or quit saying today that they get caught, not stretching out for three...
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Jul 23, 2011
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and i'm sure we'll make that a big part of our discussion. but there are really two ways to measure how redistricting affects the big picture in the house. you can look at it in terms of the score card that i just went over which seat, if you add up all of those columns, is going to end up ahead at the end of the day. well, i think it's going to be very, very close to a wash, depending on florida, i think it's possible democrats could pick up a handful from the process which is surprising given that republicans earned so many state legislative chambers and picked up so much control in 2010. but then the other side of the equation is really how much can republicans shore up the gains that they made in 2010. and that's a part of the equation that's been more difficult for a lot of us in the pundit world to quantify. but one measurement that was kind of suggested at realpolitics.com and i appreciate this a lot more than a lot of other metrics that have been thrown identity is make the median seat in the house and how far to the right does it mov
and i'm sure we'll make that a big part of our discussion. but there are really two ways to measure how redistricting affects the big picture in the house. you can look at it in terms of the score card that i just went over which seat, if you add up all of those columns, is going to end up ahead at the end of the day. well, i think it's going to be very, very close to a wash, depending on florida, i think it's possible democrats could pick up a handful from the process which is surprising given...
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Jul 2, 2011
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there is a big push towards college access. we want people to be able to get to college if they want to, however we need to pay more attention to retention, making sure people can afford to stay in college wants to get there. all of those loans, they can some day pay off by putting their degree to work. there is an entrance and exit interview process in the federal student loan program, but if that is all of the literacy you are getting, you will probably have that rude awakening. this goes back to the idea of a partnership, financial institutions, educational institutions, and in the home helping to teach kids about money. host: financial literacy group did a survey for the university of arizona and as people are interested in finding out more, what is your website? guest: www.financialliteracygroup.com and we have a facebook page and we can answer your questions. host: dan iannicola, thank you for your time. 2012 white house coverage, we are taking an event in michigan. we will bring that to you and you can find out more abou
there is a big push towards college access. we want people to be able to get to college if they want to, however we need to pay more attention to retention, making sure people can afford to stay in college wants to get there. all of those loans, they can some day pay off by putting their degree to work. there is an entrance and exit interview process in the federal student loan program, but if that is all of the literacy you are getting, you will probably have that rude awakening. this goes...
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Jul 4, 2011
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host: a big push from republicans on balanced-budget amendment. that issue has come back to the forefront in the gop terms. what is your reaction t that, eir current mantra? guest: i think the balanced budget amendment might be the worst idea -- would not say ever, but it is pretty terrible. putting a cap on total spending -- i think the house is saying 80% of gdp -- that would cripple government. it would require massive cuts to existing services, up to 70%, but it would -- in the ent of recession or war, it would sharply limit what the united states could actually do. i do not imagine -- quick spending for military action -- i do not imagine that happening at all. requiring the 2/3 votes for tax increases would put this in the same situation as california is right now. they are virtually not capable of dealing with their budget problems because it requires a 2/3 majoty to pass a tax measure. that has crippled the government. host: conn carroll? guest: do i have to? [laughter] i am not against the balanced budget. i think it is a way to kick the
host: a big push from republicans on balanced-budget amendment. that issue has come back to the forefront in the gop terms. what is your reaction t that, eir current mantra? guest: i think the balanced budget amendment might be the worst idea -- would not say ever, but it is pretty terrible. putting a cap on total spending -- i think the house is saying 80% of gdp -- that would cripple government. it would require massive cuts to existing services, up to 70%, but it would -- in the ent of...
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Jul 9, 2011
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>> there's a big future. there's a deep future. the one that want for. so that is the future where we are all able to freely communicate our hearts and dreams, share information about the world with each other and the historical record is an item that is completely sack sacrosanct. it would never be changed, never be modified, never be deleted, and that we will steer of course away from the victim of he who controls the purses present controls the past. so that is something that is my life long quest to do. and from that, justice flows because most of us have an instinct for justice and most of us are reasonably intelligent. and if we can communicate with each other, organize and not be op pressed and not know what's going on pretty much the rest falls out. in the short term, it is that my staff stop hasling me to tell me to go. >> >> i wish you all the bevs another even more beautiful mission. [applause] >> here is a look at our schedule for this afternoon. next, a discussion with legal scholars on the 2010-2011 supreme court term and what's ahead for t
>> there's a big future. there's a deep future. the one that want for. so that is the future where we are all able to freely communicate our hearts and dreams, share information about the world with each other and the historical record is an item that is completely sack sacrosanct. it would never be changed, never be modified, never be deleted, and that we will steer of course away from the victim of he who controls the purses present controls the past. so that is something that is my...
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Jul 24, 2011
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and being too big to fail requires allowing a cfi to fail. the second part of the act empowers the fed and the fdic to reduce the affect on the system in the event of a failure to tools such as liquidation of authority and approve a resolution planning. the federal reserve is working with the fdic to thecfis prepare for resolution by adopting living wills. the joint rule is expected this summer. reducing the likelihood of a severe crisis requires strengthening the resilience of markets an infrastructure. toward that end, provisions to improve the transparency and stability of the derivatives market and strength since he th -- strengthens the parts of the infrastructure. we and other agencies are moving this work for in consultation with the corporate foreign regulators. u.s. agencies are working to address structural weaknesses in areas not as easily addressed by the at, such as taconic repo -- such as the repo market. the fed is committed to the promulgation of rules that are sensible, protect smaller community institutions, and promote the
and being too big to fail requires allowing a cfi to fail. the second part of the act empowers the fed and the fdic to reduce the affect on the system in the event of a failure to tools such as liquidation of authority and approve a resolution planning. the federal reserve is working with the fdic to thecfis prepare for resolution by adopting living wills. the joint rule is expected this summer. reducing the likelihood of a severe crisis requires strengthening the resilience of markets an...